How indicators perform
A review of the literature
in Regulatory quality in Europe
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This chapter provides a critical analysis of the most important measures used to assess the quality of regulation. It reviews indicators produced by academics, the World Bank and the OECD. It links indicators to policy processes by showing how and when they can be used, in relation to sets of principles of better regulation and by types of policy-makers. It starts with economic studies that rely on statistical analysis and proposes systems to aggregate indicators of regulatory quality into an overall index. Then, it turns to simple measures to assess the quality of regulation. The advantage of simple measures is related to the direct link between a phenomenon and a number. It shows that the distinction between objective and subjective indicators of regulatory governance is not clear-cut.

Regulatory quality in Europe

Concepts, measures and policy processes

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